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非银金融公司Ess Kay Fincorp完成4200万美元融资

近日,非银行金融公司Ess Kay Fincorp Ltd宣布完成了一笔4200万美元的新一轮融资,领投方为知名风投TPG Growth,此前曾投资过该公司的Norwest Venture Partners和Evolvence两家投资机构也参与了本轮融资,投资银行 Spark Capital 担任本次交易的财务顾问。

这是Ess Kay的第二笔外部融资,今年一月,该公司完成了一笔3200万美元的融资,当时的领投方为Norwest Venture Partners。由于传统的贷款方式阻碍了很多信用良好的企业和个人,而他们现在所做的是建立一种方便简单,能够满足客户需求的商业模式。目前,Ess Kay通过250个分支网络开展其业务,为商用车、两轮车和小企业提供贷款。截至2018年9月30日,Ess Kay的资产管理规模约为2亿美元。本次融资的领投方TPG Growth管理的资产约为132亿美元,它的目标是在各大领域和各个地区进行投资。目前投资了数字支付公司AGS Transact、眼镜零售商Lenskart、外科设备制造商Sutures、鞋类制造商Campus和在线票务公司BookMyShow等。在金融服务领域,TPG投资的公司包括Five Star Business Finance、City Union Financial等。

Jaipur-based non-banking finance company (NBFC) Ess Kay Fincorp has raised around ?310 crore ($42 million) in a funding round led by TPG Growth.

Other existing investors that participated in the round include Norwest Venture Partners and Evolvence India.

Investment bank Spark Capital acted as the sole financial advisor for the latest transaction.

Earlier this year in January, Ess Kay Fincorp raised $32 million in a funding round from Norwest Venture Partners, Evolvence India, and Baring Private Equity India. With the latest round of funding, Ess Kay Fincorp has raised $74 million in 2018, so far.

Ess Kay Fincorp was founded by Rajendra Setia in 1994. The company offers loans to rural and semi-urban customers to help them buy used vehicles including commercial vehicle, car, agricultural equipment, two and three-wheeler and MSME loans for small businesses.

The company has a presence across Rajasthan, Gujarat, Punjab, Haryana, Madhya Pradesh and Maharashtra with a network of over 200 branches.

Gaurav Trehan, Partner at TPG, said, “With its differentiated business model supported by a direct sourcing network, hands-on approach to underwriting, quick turnaround and robust collection mechanism, Ess Kay Fincorp has demonstrated a unique advantage and opportunity in a difficult to serve category.”

As of March 2018, Ess Kay Fincorp’s loan book stands at ?1,282 crore, with a gross NPA margin of 3.37%. The average ticket size for vehicle loans is ?3 lakh, over an average period of three years and ?7 lakh for SME loans, over a period of five years.

The company is looking to expand its loan book to ?2,500 crore by FY19 and to ?6,000 by FY22.

Other NBFCs focused on providing loans to SMEs in India include Vayana Network, Capital Float, Aye Finance, Vistaar Finance, and Indifi Technologies, among others.

Here is a list of top 10 SME lending startups in India, enabling small businesses to grow.

Founded in 2007, TPG Growth focuses on growth equity and middle-market buyout opportunities. TPG Growth currently manages approximately $13.5 billion in assets across a variety of sectors including media, technology, and industrials.

Some of its investments in India are online ticket booking platform BookMyShow, online eyewear marketplace Lenskart, Jana Small Finance Bank, and Manipal Hospitals.

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